Shriram Life New Shri Raksha

In case of death of the life assured during the policy term, provided all the due premiums have been paid until the date of death, Sum assured on death plus Accrued Reversionary Bonuses plus Terminal Bonus, if any are paid to the nominee or beneficiary.

However the death benefit will be at least 105% of all premiums paid till the date of death excluding any extra and rider premiums and taxes.

The policy will not accrue any future bonuses after death.

In case the life assured survives the policy term, the insurance cover will continue till the life assured attains age of 100 years. In case of death during this period or survival upto the age of 100, one basic sum assured will be paid. This is an extended benefit payable after the policy term and the policy will not participate in profits after the policy term.